Benedict Financial Advisors Inc. Buys New Shares in iShares 1-3 Year Treasury Bond ETF $SHY

Benedict Financial Advisors Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,989 shares of the company’s stock, valued at approximately $730,000.

Several other institutional investors have also recently made changes to their positions in the business. Innova Wealth Partners grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 134.6% during the 1st quarter. Innova Wealth Partners now owns 318,143 shares of the company’s stock worth $26,269,000 after purchasing an additional 182,540 shares during the period. Baird Financial Group Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 5.5% during the second quarter. Baird Financial Group Inc. now owns 303,706 shares of the company’s stock valued at $24,937,000 after purchasing an additional 15,954 shares in the last quarter. Ruggiero Investments Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $1,344,000. Silicon Valley Capital Partners increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 12.5% during the second quarter. Silicon Valley Capital Partners now owns 576,059 shares of the company’s stock worth $47,300,000 after purchasing an additional 64,060 shares in the last quarter. Finally, Signet Private Wealth LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $1,313,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock traded up $0.04 during midday trading on Wednesday, reaching $81.17. The company had a trading volume of 2,068,821 shares, compared to its average volume of 4,274,928. The company has a market capitalization of $26.35 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20. The firm’s fifty day simple moving average is $81.63 and its 200-day simple moving average is $81.98.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.2410 per share. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 annualized dividend and a dividend yield of 3.6%.

iShares 1-3 Year Treasury Bond ETF Company Profile

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.